GEODNET Raises $8M In Strategic Spherical Led by Multicoin Capital to Equip Humanoid Robots With Centimeter-Stage Accuracy

[PRESS RELEASE – New York, CA, February 25th, 2025]

Main DePIN Grows Income 400% YoY, Expands Actual-Time Kinematic (RTK) Community To Autonomous Robotics Producers

GEODNET Basis, the first steward of GEODNET, the world’s largest precision positioning community, in the present day introduced an $8M strategic spherical led by Multicoin Capital with participation from ParaFi and DACM, bringing the mission’s complete financing up to now to $15M. The inspiration will use the capital to service the community’s quickly rising buyer pipeline and assist new robotics and bodily synthetic intelligence (AI) functions and prospects.

Actual-time kinematics (RTK) is a navigation method that enhances positioning information from satellite-based programs—akin to GPS, GLONASS, Galileo, or BeiDou—to realize real-time, centimeter-level accuracy. GEODNET just lately turned the most important RTK community on this planet and now boasts greater than 13,500 user-deployed reference stations throughout 4,377 cities in additional than 142 international locations. These stations present precision location providers to 1000’s of robots day by day, together with autonomous vehicles, building automobiles, agricultural tools, drones, robotic lawnmowers, robotic marine automobiles, and way more.

“GEODNET improves the accuracy, availability, and affordability of precision positioning for in the present day’s clever robots. The community offers a 100x enchancment in location accuracy in comparison with GPS alone, and is an ideal companion to on-device sensors, akin to Cameras, LiDAR, and IMUs. GEODNET helps make the dream of clever drones and robots a sensible actuality in the present day,” stated Mike Horton, founder, GEODNET. “With this new funding, we’ll aggressively increase our robotics ecosystem and speed up assist for brand new clever robots, each in client and enterprise functions.”

GEODNET prospects and companions embody massive industrial corporations, governmental organizations, and enterprises, akin to Propeller, DroneDeploy, Quectel, USDA, HemisphereGNSS, Septentrio, and others. As new prospects have been onboarded over the previous yr, the community’s on-chain annual recurring income has grown by greater than 400% in 2024.

In keeping with latest research from GlobalData, the robotics market goals to increase to over $200B in income by 2030 as extra autonomous robots, drones, and canine – and humanoid robots come on-line. Precision location providers are important for coaching these robots and working them within the area; GEODNET equips these robots with the information they should safely and autonomously navigate advanced environments with a excessive diploma of precision, each individually and in cooperative swarms. GEODNET is at present prioritizing companions who manufacture robotic canine and humanoid robots. prospects can both contact the muse or join a free, 30-day trial.

“GEODNET joined the ranks of different profitable DePINs like Helium, IO Web and Hivemapper this yr. All of them have discovered product-market match and are fixing massive, real-world issues,” stated Kyle Samani, Managing Accomplice of Multicoin Capital. “We’re proud to assist GEODNET’s imaginative and prescient to allow the pervasive robotics; the way forward for robotics and bodily AI holds large potential and is poised to revolutionize a number of, multi-billion-dollar industries.”

​​The GEODNET community consists of reference stations, which obtain alerts from the International Navigation Satellite tv for pc Methods (GNSS). Every station is able to delivering exact RTK correction information to gadgets inside a variety of roughly 20-40 kilometers. Any system outfitted with a GNSS receiver, akin to a automobile, drone, cell phone, or tractor, can hook up with the GEODNET community.

GEODNET at present helps a number of reference stations, together with HYFIX’s MobileCM Triple-Band GNSS Base-Station, a ready-to-use Geodetic Grade GNSS base station. Community contributors can earn GEOD tokens for internet hosting base stations.

GEOD is reside on Solana and the GEODNET Basis is backed by a few of the blockchain and DePIN’s most revered buyers, together with Borderless Capital, Multicoin Capital, ParaFi, DACM, CoinFund, Pantera, VanEck, Animoca Manufacturers, Finality Capital Companions, Tangent, North Island Ventures, Modular Capital, Highway Capital, Reflexive Capital, Reverie, IoTeX, JDI, SNZ, and Santiago R. Santos.

To get entangled or study extra about GEODNET, customers can go to https://geodnet.com.

About GEODNET

GEODNET is the world’s largest precision positioning community. GEODNET’s international community of RTK stations enhances on-device sensors akin to Cameras, LiDAR, and IMUs to equip AI-based autonomous programs with real-time, centimeter-level location information. GEODNET Community offers cryptographic ensures of information transmission, location servicing, and information possession authenticity. GEOD is reside Solana and the community is among the main DePIN tasks within the ecosystem. To get entangled or study extra about GEODNET, customers can go to https://geodnet.com.

About GEODNET Basis 

GEODNET Basis is a Singapore-based non-profit group devoted to sustaining GEODNET, the world’s largest precision positioning community. The Basis helps coordinate community contributors, end-users, and core builders by way of applications, grants, and occasions. The Basis’s mission is to allow pervasive robotics and energy our clever future. To study extra about GEODNET Basis, customers can go to https://geodnet.com.

About Multicoin Capital 

Multicoin Capital is a thesis-driven funding agency that invests in cryptocurrencies, tokens, and blockchain corporations. Crypto networks and firms will create trillions of {dollars} of worth over the subsequent decade. Nevertheless, investing in tokens is basically totally different than investing in corporations. New instruments, heuristics, and safety measures are wanted to responsibly make investments on this ecosystem. We leverage our deep understanding of blockchain know-how and crypto markets to ship distinctive returns. For extra info, customers can go to: https://multicoin.capital.